Colombia Wearable Breast Pumps Market Size & Outlook
Colombia wearable breast pumps market, 2018-2030 (US$M)
Related Markets
Colombia wearable breast pumps market highlights
- The Colombia wearable breast pumps market generated a revenue of USD 4.5 million in 2023 and is expected to reach USD 6.3 million by 2030.
- The Colombia market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, wearable pumps was the largest revenue generating component in 2023.
- Wearable Pumps is the most lucrative component segment registering the fastest growth during the forecast period.
Wearable breast pumps market data book summary
| Market revenue in 2023 | USD 4.5 million |
| Market revenue in 2030 | USD 6.3 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Wearable pumps |
| Fastest growing segment | Wearable Pumps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wearable Pumps, Accessories |
| Key market players worldwide | Ameda, Inc., Koninklijke Philips NV, Pigeon Corp, Medela, Spectra Baby USA, Willow, Elvie, Freemie, BabyBuddha Products |
Other key industry trends
- In terms of revenue, Colombia accounted for 0.8% of the global wearable breast pumps market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil wearable breast pumps market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 16.8 million by 2030.
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Wearable Breast Pumps Market Scope
Wearable Breast Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Colombia wearable breast pumps market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wearable breast pumps market will help companies and investors design strategic landscapes.
Wearable pumps was the largest segment with a revenue share of 57.78% in 2023. Horizon Databook has segmented the Colombia wearable breast pumps market based on wearable pumps, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing working women’s population and lack of proper breastfeeding facilities at workplace are expected to drive the demand for breast pumps in Colombia. For instance, according to International Labour Organization, in 2018, around 57.0% of laborers were women.
Moreover, the government is undertaking efforts to encourage breastfeeding in the country via association with various nonprofit organizations. Such campaigns are expected to positively impact market growth over the forecast period. For instance, World Food Program, in association with government of Colombia, Fundación Éxito, and the Milk League, aimed to raise awareness about benefits of breastfeeding in the country.
In January 2017, the Colombian government issued Law 1822, which had modified rules and regulations regarding maternity leave for employees. Such laws can, in turn, increase the sale of wearable breast pumps in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia wearable breast pumps market , including forecasts for subscribers. This country databook contains high-level insights into Colombia wearable breast pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia wearable breast pumps market size, by component, 2018-2030 (US$M)
Colombia Wearable Breast Pumps Market Outlook Share, 2023 & 2030 (US$M)
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